Reports on the Miami-Dade County Commission's authorization of a water and sewer financing package in Florida, that includes an interest rate swap. Amount expected from the swap; Plans for adjusting its tax risk exposure and bidding rules; Terms of the swap deal; Plans for a bond issue in April...

Offers advice on how to swap low-valued bonds in the United States. Impact of interest rates on bond prices; Use of bond swapping to purchase a different bond; Minimizing of taxes by bond swapping; Advantages of swapping fixed-income securities.